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Miscellaneous Legal Issues

State Street 401(k) Plan Losses Being Probed

January 23, 2009
The firms are looking into whether plan fiduciaries knew or should have known their statements about the company’s financial health were incorrect. The firms say the statements could have contributed to State Street shares being overvalued.
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Merrill Settles Employee Class Action for $75 Million

January 20, 2009
The suit, brought under the Employee Retirement Income Security Act, claimed that Merrill didn’t adequately disclose subprime-related losses that affected its saving and investment plan, its retirement accumulation plan and its employee stock ownership plan.
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TOOL How to Trim Your Workforce

December 31, 2008
An e-book from law firm Foley Hoag, ‘Tips for Planning Reductions in Force,’ is a possible guide for organizations considering layoffs.
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Taleo Facing More Legal Challenges

December 19, 2008
Negative publicity began in November when Taleo said it would not file its Form 10-Q report for the quarter with the Securities and Exchange Commission by the November 10 due date.
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PBGC Seeks to Terminate Lehman Retirement Plan

December 17, 2008
The agency estimates that the plan has $898.2 million in assets to cover $940.8 million in liabilities. If the plan is approved, the agency expects to be responsible for $17.9 million of the shortfall.
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